February 6, 2012

Tigray keeps hitting high-grade copper in Ethiopia

Tigray Resources adds more pieces to the picture at the Terakimti prospect in Ethiopia as it drills more thick high-grade copper.

February 6, 2012

Codelco already struggling to match 2011 copper output

Chilean state giant Codelco, the world's biggest copper producer, will have to strive this year to match record 2011 copper production of 1.735 million tonnes, said CEO Diego Hernandez to…

February 6, 2012

New gold and copper deposits found in India

Hint of significant gold and copper deposits have been found in Rajasthan, Karnataka and Uttar Pradesh, with the gold reserves believed to be world class.

February 6, 2012

Peru’s precious metal, copper, base production, down in 2011-Mines Ministry

Peru's domestic molybdenum and iron ore production experienced strong growth last year even as the country's precious and base metals production declined.

February 5, 2012

Xanadu acquires South Gobi licences

Xanadu Mines has acquired two licences in the highly prospective South Gobi porphyry belt in southern Mongolia.

February 5, 2012

US job growth ripples to Chinese copper and ore

Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy.…

February 5, 2012

Peru copper and gold output down slightly in 2011

Reuters reported that production of all main metals fell in Peru in 2011 from the previous year as depleted reserves and lower ore grades hit the major global producer.

February 5, 2012

Mitsubishi to double copper output after Chile mine expansion

Bloomberg reported that Mitsubishi Corporation of Japan plans to almost double its copper output in 2012 after spending USD 5.39 billion to buy a minority stake in Anglo American Plc's…

February 5, 2012

Top shareholders gunning for Xstrata’s Big Mick, could block deal without premium

The Telegraph reports Chairman John Bond and CEO Mick Davis risk being voted off the board of Xstrata after being accused of negotiating "a cosy stitch-up" with Glencore and that…

February 4, 2012

Junior gold stocks to prosper, copper on brink of rebound – Joe Mazumdar

Joe Mazumdar talks about why he sees mergers and acquisitions as key catalysts for a rebound in the junior gold space in 2012. Gold Report interview.